“The greatest enemies of the equity investor are expenses and emotions,” -Jack Bogle
What You Can Expect From Our Plan Sponsor Services
As a plan sponsor, we know you have a lot on your plate. Our job is to educate and support you so you can select the most effective retirement plan for your business goals and employee base.
Independent
We are employee-owned and operated. We have the unique privilege of putting client’s best interests first. Our firm is non-captive which means we can help you shop around to find the record keeper and third-party administrator that is right for you.
Fees Matter
There are typically several costs associated with employer-sponsored retirement plans: 1) cost of the investments 2) cost of the Advisor 3) cost of the recordkeeper 4) cost of the third-party administrator. We believe in keeping costs as low as possible (in all areas). We accomplish this by keeping our pulse on changes at the vendor level and completing vendor requests for proposals (RFP).
Conversion Support
A plan conversion is not always necessary, but when it is, it's important to have the right people helping you through the process. We have been through this process many times before and we are happy to be your guide through this long and sometimes daunting process. And did we say that we'll help you with the workload?
Employee Education
Employer-sponsored retirement plans are only a true benefit when there is a robust education program. We believe in this so much that we created a page just to cover education. Check it out here.
Plan Document Design Help
We all want the ideal plan. That only happens when the plan document is put together in a way that allows your company plan to work the way that it needs to. We work alongside you to help you understand the necessary provisions to make your plan work the way it should. This can include discrimination testing, safe harbor provisions, corrective distributions, vesting schedule, matching program, employee eligibility, fund line-up, etc.
3(21) & 3(38) Fiduciary Services
We understand you are not an expert on employer-sponsored plans and how they work. This allows you to pass along pieces of responsibility that you would rather your company not take on.
Meet our Plan Sponsor expert, Andrew Mitchell
We measure the relative cost for our clients by looking at our highest-fee clients and comparing the annual cost versus the industry average as determined by the third-party research group, Price Metrix. We maintain and strive to maintain going forward that we have zero clients with a fee higher than the industry average as determined by the annual Price Metrix study. To discuss specific fee levels for your situation, please contact a Fiduciary Financial Advisor.